Blue Ribbon Income Fund Renews Normal Course Issuer Bid

Blue Ribbon Income Fund (TSX:RBN.UN) has renewed its normal course issuer bid to
purchase up to 2,612,600 units of the Fund representing approximately 10% of the
public float of 26,126,558 units. The Fund may purchase up to 524,531 units in
any 30 day period which is 2% of the 26,226,558 issued and outstanding units at
November 25, 2013.


As of November 25, 2013, the Fund had purchased 60,200 units under its current
bid at an average price of $10.91 per unit.


The units may be purchased for cancellation from December 3, 2013 to December 2,
2014 through the facilities of the TSX or other eligible alternative market and
may only be purchased at a price per unit not exceeding the last net asset value
per unit. The Administrator of the Fund believes that such purchases are in the
best interest of the Fund and are a desirable use of its available funds.


For further information, please contact your investment advisor, call Brompton's
investor relations line at 416-642-6000, toll-free at 1-866-642-6001, email
[e-mail] or visit our website at www.blueribbonincomefund.com.


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the fund's publicly filed
documents which are available from SEDAR at www.sedar.com. Investment funds are
not guaranteed, their values change frequently and past performance may not be
repeated.


Certain statements contained in this news release constitute forward-looking
information within the meaning of Canadian securities laws. Forward-looking
information may relate to matters disclosed in this press release and to other
matters identified in public filings relating to the Fund, to the future outlook
of the Fund and anticipated events or results and may include statements
regarding the future financial performance of the Fund. In some cases,
forward-looking information can be identified by terms such as "may", "will",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"predict", "potential", "continue" or other similar expressions concerning
matters that are not historical facts. Actual results may vary from such
forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brompton's investor relations line
416-642-6000 or Toll-free at 1-866-642-6001
[e-mail]
www.blueribbonincomefund.com